According to an article that was published by The Financial Times today, Microsoft has acquired the keyboard application SwiftKey.
According to the report, Microsoft paid a hefty $250 million to acquired the London-based developer, who are known for their predictive keyboard application.
Currently SwiftKey has a total of 150 employees working from London, San Francisco and Seoul, all working to create this app that is currently installed on more than 300 million iOS and Android devices.
According to the report from The Financial Times, Jon Reynolds and Ben Medlock, the founders of SwiftKey will make at least $30 million from the deal.
Microsoft officially announced the deal on their blog earlier today, but did not confirm how much they paid for the company, but Harry Shum the executive vice president of technology and research said that they will be integrating SwiftKey’s predictive text technologies into its own Word Flow application for Windows.
“This acquisition is a great example of Microsoft’s commitment to bringing its software and services to all platforms. We’ll continue to develop SwiftKey’s market-leading keyboard apps for Android and iOS as well as explore scenarios for the integration of the core technology across the breadth of our product and services portfolio.”
“Moreover, SwiftKey’s predictive technology aligns with Microsoft’s investments and ambition to develop intelligent systems that can work more on the user’s behalf and under their control.”
SwiftKey joins a number of Microsoft’s other recent purchases that include the Acompli email app, Wunderlist to-do list app, Sunrise calendar app and of course Minecraft.
Via: The Financial Times
Source: Microsoft Blog